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Over the weekend, our friend John Gavin at Probes Reporter revealed something disturbing to Valeant longs, namely that “New Data Now Confirms Valeant’s Undisclosed SEC Investigation.” This is what the report said: Sunday Special UPDATE: Last week, on 23-Feb-2016, we published a report warning of the potential for a new and undisclosed SEC probe of […]

“Designed to stimulate students’ imagination as they explore the economic problem of scarce resources, various methods of allocation, and how societies react to alleviate such problems,“ The Boston Fed has unleashed a chidren’s story book called “Wishes and Rainbows” indoctrinating the American youth into the ways of the Keynesian. Boston Fed – Wishes and Rainbows […]Read More

So much excitment but by the end of the month… [embedded content] Some high-/low-lights for February… China’s Shenzhen Composite Down 28.8% in 2 months – biggest drop since July 1994 Dow Transports Up 6.75% in Feb – best month since Jan 2013 Financial Stocks Down 2.3% in Feb – 3rd loss in a row for […]Read More

The storm has been brewing for a while now and it becomes real tomorrow Tuesday, March 1, 2016 when the Consumer Advocacy Foundation of Nigeria (CAFON) and the Coalition of Nigerian Consumer Protection Associations carry out their threat of a “No Banking Day” to protest against frivolous bank charges. CAFON, led by Sola Salako has […]

Nigerians spend $3 billion annually for their medical trips abroad, even in these so called “hard times” Eko Electricity Distribution Company (EKEDC) Director, Mr. George Etomi, told The Nation. Earlier in the month, there were rumors that the Central Bank Of Nigeria (CBN) would be shutting out sale of forex for school fees abroad as […]

SimbaPay, a digital money transfer provider, has expanded its instant Africa money transfer service to five new European countries (France, Germany, Ireland, Italy and Spain). With this platform, Africans living in these EU countries will be able to send money back home instantly and free of charge. In addition money transferred via the service to […]

Two years ago, when looking at the first available public data out of HFT frontrunning powerhouse Virtu, we observed the surge in net income from FX at the expense of all other traditional product categories, and reported what we thought was “The One Financial Product Now Targeted By The HFT Swarm” – currencies and FX […]

Amid a recent exuberant short-squeeze-driven bounce, the ‘real’ valuation of the Russell 2000 remains at insanely high levels… and gravely decoupled from credit markets… But as Dana Lyons’ explains the market likes to do whatever will fool the most people. So while this level should at least be an interesting one in producing a battle […]Read More

Just when you thought it was safe to buy the dip and pile into this “value” stock, Lumber Liquidators does it again. On a conference call this morning, and hot on the heels of Valeant doing the same, the embattled firm just removed guidance for 2016 (due to “too much uncertainty” and having discovered “material […]Read More

The week was supposed to start off quiet on the macro news front, but the PBOC spoiled that with an unprecedented Monday, Feb 29 RRR cut, its fifth since the start of 2015. In any case, it slowly builds up to the week’s biggest event on Friday, when the BLS reports February payrolls and will […]

It appears the market got a hint from our tweet at 8:33 am… need some HFT momentum ignition in USDJPY soon — zerohedge (@zerohedge) February 29, 2016 … promptly going vertical literally seconds later on a spike in – you guessed it – USDJPY: Pushing S&P futures into the green… This trading thing is easy: […]Read More

Submitted by Charles Hugh-Smith of OfTwoMinds blog, The current batch of tech companies claim to be disruptive, but they’re all derivatives of the rare unicorns that scaled globally right out of the gate and now dominate their space–and whatever new spaces attract their fancy. It’s an article of quasi-religious faith in tech circles that a […]Read More